CURRENT MARKET CONDITIONS-- Real Estate sales activity in Dandridge for full year 2011 stayed fairly strong helped by record low interest rates and reduced asking prices over past years. For the most part selling prices were down about 10% from the prior year. From entry level homes to the higher end of the market, properly priced homes are on the market from 3-6 months. Many buyers seeing the extremly good values in this area are buying while prices are down and the interest rates remain low. Lakefront homes are holding their prices fairly well becuase availability is still low. Lakefront land hasnt seen many reductions in asking prices, though are slower in selling than past years. Good "strong water" lake lots are also becoming harder to find and still range from $100,000 and up. Lots on smaller coves are still in the range of $50-$75,000.The area still has a good supply of affordable homes close to the lake, and with its many free lake access launches and Marina space, getting on the lake takes just minutes. Newer Homes in non lakefront areas start in the range of $125,000 to $175,000 for a nice 3 Bd/2Ba family sized home. Whereas the same size home at lakefront starts at $300,000 and up. Sales and availability of acreage over the past 2 years for those looking for "Mini farm/Horse properties" is good and prices have come down about 20% from previous years highs. Being located only 30 minutes from Knoxville, Pigeon Forge and Gatlinburg makes this area very attractive to investors and owners alike. Contact me at 865-368-2390 Direct or visit www.TennesseePropertyInfo.com for a search of desireable properties at prices still far lower than many other parts of the country.
ZIP Code: 37725 Approximate Location Boundaries: Within a 50 + mile radius, serving 6 counties
Location Characteristics: A charming 200 year old town located on the banks of Douglas Lake just 30 minutes to Knoxville and Smoky mountain attractions. A good mix of homes ranging from smaller retirement or starter homes to larger lakefront homes. Prices on new homes range from $100,000 to over $1,000,000
About Denis Savard:
Serving my clients needs in the Lakeways area by using all the tools available in todays new technology market. Specializing in home and land sales, investment properties and tax exchanges. Striving to provide a level of professionalism and expertise while taking the pressures off my clients minds and providing a levelsof personal service beyond thier expectations. CRS®,e-Pro Realtor® Certified New Home Specialist® Call me today and let me show you how I take the hassles out of buying or selling
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
